Which metal to hit $5k usd first?

Discussion in 'General Precious Metals Discussion' started by sgbuyer, Jun 15, 2020.

?

Which metal to hit $5k usd first?

  1. 1oz Gold

  2. 1oz Platinum

  3. 1oz Palladium

  4. 100 oz Silver

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  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Which metal to hit $5k usd first?

    Just a fun poll. I don't really have an opinion, just want to see what's the public view.
     
  2. hardyakkagold

    hardyakkagold Active Member

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    GOLD!

    I think you meant which metal next sgbuyer, ( Rhodium has been there done that on more than one occasion )

    I can't see either Palladium or definitely Platinum reaching those dizzy height ahead of gold, as that would require a
    booming world economy and record automotive production and sales, something I cant see happening in this decade.

    A 100 oz silver is also a possibility as gold might be perceived as being too expensive by the masses, once it gets past
    the two or three thousand US dollar barrier, causing silver to outperform gold.
     
    wrcmad, rutinski and sgbuyer like this.
  3. JNS

    JNS Active Member Silver Stacker

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    According to my magic crystal ball : most likely the "Gold":D
     
  4. Jason1

    Jason1 Well-Known Member

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    Not sure, thats a hard one
    but 100 ounces of silver has got the closest to that number. At around $4900 usd in the past

    Both gold and silver could get that high if tulip mania kicked in. So which one would get their first? I couldnt even guess
     
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Not that hard, I think 100oz of silver will get to $5k usd first.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Looks like silver will get to $5k usd?
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The action in the last month or so shows that Silver is a much smaller market and if the speculators pumping Tesla turn to Silver - and they haven't done yet, Silver can shoot over $50 in a blink of an eye. Not saying there won't be a pullback, it works both ways. But if there's a big pullback, it will be a no brainer almost risk free punt.
     
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  8. alor

    alor Well-Known Member Silver Stacker

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    will the market of metals be open for trading ? since USD would no longer be legal for any exchanges outside the USA
    oil is freely traded in any currencies
    Northstream 2 has been sanctions and ignored (Russian gas sanction) followed by consulates closures
    Huawei sanction followed by consulate closure
    Tik Tok/Wechat sanction

    we are picking a winner rabbit, Palladium would touch 3k first and 5k first
     
  9. hardyakkagold

    hardyakkagold Active Member

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    Agree with you there sgbuyer, I was considering selling some of my silver and converting the fiat into gold these last few days,
    but now I am thinking that might not be such a bright idea.

    With silver being such a small market, and going by the past two parabolic price rises, it is possible that silver could double or
    even triple within a matter of months if the mania really takes hold.

    Whereby I can't see the same thing happening with the gold price in such a short time, unless there is a sudden reset of
    the monetary system, or some other unforseen black swan event.
     
  10. serial

    serial Well-Known Member Silver Stacker

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    silver, no question about it
     
  11. whay

    whay Well-Known Member

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    Unobtanium for silver, unaffordium for gold.
    Both G&S are no brainers.
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There's actually no shortage of Pd. Russia hoards Pd to ensure high prices. But too high a price will mean substitution by Pt, so I don't think it will hit $5k.
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm not selling any physical silver as it's too much trouble for me to buy and store them. But I had the urge of selling off the SLV I bought in March on Friday and Piroco's decision to flip his stack made me consider this again. Short term, a correction is needed, but medium term, silver is going up. In the GFC, silver took 2.5 years to reach the top from the crash, and we're only 5 months into the present crisis.
     
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